Official announcements from Chinese government or African governments, verified by credible news sources

China Pledges $51 Billion to Africa, Promises 1 Million Jobs

Sep 5, 2024, 05:31 AM

China has announced a significant financial commitment to Africa, pledging $51 billion in fresh funding. President Xi Jinping made the announcement on Thursday, emphasizing China's support for the continent's development. The funding aims to back more infrastructure initiatives and promises to create at least 1 million jobs. This move highlights China's ongoing efforts to strengthen its ties with Africa, which is recognized as the world's fastest-growing continent.